SCLE - SCLE STOCK NEWS

Madison Square Garden Entertainment Corp. (MSGE) has partnered with Voltus to enhance energy efficiency and reduce emissions at the arena. The collaboration aims to implement demand response services, optimizing energy usage during peak times. Voltus is recognized as an official partner, leveraging its distributed energy resource platform to provide substantial marketing exposure. With Voltus's technology, MSGE anticipates improvements in operational efficiency while contributing positively to New York's electricity grid.

Voltus has appointed J.B. Lowe as the new Vice President and Head of Investor Relations, aiming to strengthen engagement with shareholders and industry stakeholders. With over 15 years of experience in the energy sector and finance, Lowe is expected to enhance Voltus's IR strategy, focusing on transparent communication within the investment community. The firm is currently in a business combination agreement with Broadscale Acquisition Corp. (NASDAQ: SCLE), anticipated to close in Q3 2022, which will facilitate Voltus's transition to a public company.

Voltus, Inc. has announced its readiness to utilize its nearly 2,600 MW portfolio of distributed energy resources (DER) to alleviate expected energy supply shortages in the U.S. and Canada this summer. The North American Electric Reliability Corporation (NERC) has cautioned that regions such as Texas and New England face high risks of energy shortfalls. CEO Gregg Dixon indicated that energy costs are likely to rise due to insufficient long-term investment in electricity infrastructure. Voltus aims to employ quick-response programs to ensure grid reliability and preparedness.

Voltus, a leading DER software platform, has partnered with SemaConnect, a top EV charging service provider, to enhance cash-generating opportunities for SemaConnect's workplace clients across the U.S. and Canada. This partnership aims to connect EV charging stations to wholesale power markets, starting with the PJM Interconnection. The integration is expected to support grid resilience while providing additional revenue streams for employers as workplace EV charging demand grows.

Voltus, Inc. announced its readiness to address a projected 5,000 MW shortfall in MISO this summer. With a current portfolio of nearly 500 MW, the company highlighted the risks of controlled outages due to a decrease in thermal generation and increased intermittent energy sources.

Voltus is advocating for the removal of state-level bans on demand-side resources, which could enable an additional 1,000 MW from its existing customer relationships. Regulatory changes are being urged from FERC to enhance grid reliability and affordability.

Voltus, Inc. plans to participate in the Water Tower Research Fireside Chat Series on April 19, 2022, at 2:00 p.m. EDT. CEO Gregg Dixon will discuss how Voltus's software connects distributed energy resources to electricity markets, enhancing clean energy delivery. The event is open to the public, and interested participants must register. Additionally, Broadscale Acquisition Corp. (NASDAQ: SCLE) will complete a merger with Voltus in Q2 2022, pending stockholder approval. The combined company will be listed on Nasdaq.

Voltus, Inc. announces the appointment of Scott McGaraghan as Vice President of International Business Development, strengthening its leadership team. With over 25 years in the cleantech industry, McGaraghan aims to expand Voltus's reach in international markets. Previously, he led grid services at Google Nest and helped EnerNOC establish its European presence. Voltus's current portfolio stands at approximately 2,500 MW in the US and Canada, with expectations to grow over 2,000 MW internationally by 2025.

Voltus, Inc. reported a 2021 revenue of $47.4 million, exceeding earlier forecasts by 13% and showing a 94% increase from 2020. The annual gross profit also rose to approximately $19 million, 27% above projection, driven by a growing Distributed Energy Resource (DER) portfolio. The company reaffirmed its financial forecasts and is on track for a business combination with Broadscale Acquisition Corp. (SCLE) in Q2 2022. Investors are invited to join the Virtual Investor Day on March 22 at 10:00 am EDT.